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“Grexit” is a terrific word because it’s both obvious and terse. It was apparently coined in February 2012 by Ebrahim Rahbari, an economist for Citigroup, and the number of its recorded usages soon outpaced those of an alternative term, “drachmageddon.”

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If we define austerity very narrowly, as measures taken to reduce budget deficits, then Europe has undergone some austerity in recent years. But if we define it more properly as policies bringing about a reduction in the size of bloated government, then these policies cannot be held responsible for the ongoing crisis in Europe, because they were never really applied.

The British pound slid to a 10-month low against the dollar Monday and shares in Scotland-based companies fell after opinion polls suggested the campaign for Scottish independence could be edging toward victory.

News Flash: We're living in a post-normal world. What used to be knowable by rigorous examination of facts, constructing a hypothesis and then gathering enough data to reach a conclusion no longer applies. Did it ever?

Canada is adopting a G8 initiative that would require companies to disclose any payments they make to governments, Prime Minister Stephen Harper announced Wednesday in London at a meeting with oil, gas and mining executives.

There will be some greener ships plying its waters, possibly a Canada-Europe free-trade deal and presumably a still-strengthening U.S. economy. All of which could augur well this year for the St. Lawrence Seaway, which launched its 55th season Friday.

The idea that sounds in the public domain may be owned by someone appears, at first, as a dubious proposal. However, it is common for companies to try to protect the sounds associated with their product branding and overall marketing strategy.

As you fly off to your favourite holiday spot this summer, consider the following cost comparisons on the price of airline tickets. Let’s start with Europe. Imagine you book return flights between five pairs of cities: London-Edinburgh, Paris-Toulon, Milan-Rome, Dusseldorf-Munich, and Barcelona-Madrid.

Re: “Not threatened by English” (Opinion, April 16). Amsterdam’s Schiphol airport and the open mentality of the Dutch should be a shining example of tolerance and freedom of expression to Quebec. The recently reheated artificial language debate, the invented “threat” to the French language and the hiring of dozens of language police serve nothing but the aspirations and the insatiable appetite for power of the political elite. People are blind if they don’t see that they are being used and abused by those self-appointed warriors and their separatist cohorts. They will go to any length to chase the frustrated, angry and disillusioned anglos and ethnics out of Quebec, so that they can count on more Oui votes.

BRUSSELS – The world’s 20 biggest economies will probably agree to increase the resources of the International Monetary Fund by between $400 billion and $500 billion, rather than the $600 billion initially sought by the IMF, Group of 20 officials have told Reuters.